European natural gas prices rose slightly in early trading following a two-hour conversation between President Trump and Russian President Vladimir Putin. The benchmark Dutch TTF contract rose by 1.4%, reaching 35.72 euros per megawatt-hour.
Despite the conversation, Russia did not agree to an immediate ceasefire with Ukraine. U.S. President indicated that Moscow and Kyiv would return to direct discussions to seek an agreement to stop the ongoing conflict.
The geopolitical tensions and supply-side concerns could lead to an increase in demand for LNG imports. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks.
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